ProShares UltraShort 7-10 Year Treasury (PST) Performance
PST total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +11.9% since Dec 31, 2025
- 1 year
- +15.0% total return
- 5 years
- +10.8% a year
- 10 years
- +3.3% a year
- Since first price
- −4.8% a year since 2008
PST trailing returns vs SPY, QQQ, AGG
| Period | PST total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −2.1% | −2.1% | −1.0% | −5.0% | +0.9% |
| 3 months | +3.9% | +3.3% | +3.2% | +1.9% | −0.4% |
| 6 months | +9.7% | +8.4% | +7.8% | +8.4% | −1.5% |
| YTD | +11.9% | +10.0% | +12.3% | +15.1% | −1.0% |
| 1 year | +15.0% | +12.0% | +14.4% | +15.9% | −1.1% |
| 3 years | +4.8%+1.6%/yr | −5.3% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +66.7%+10.8%/yr | +47.1% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +38.6%+3.3%/yr | +19.2% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | −13.7%−1.0%/yr | −25.8% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| Since inceptionMay 1, 2008 | −59.3%−4.8%/yr | −65.1% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: PST vs SPY
From May 1, 2008: PST grew to $4,066, SPY to $75,423.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
PST returns by calendar year
7 of 17 full years positive. Best 2022 (+38.6%), worst 2011 (−27.9%). 2026 is year to date.
PST annual returns table
| Year | PST | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +11.9% | −4.7% | +12.3% | +15.1% | −1.0% |
| 2025 | −4.4% | −11.4% | +17.7% | +20.8% | +7.2% |
| 2024 | +12.3% | −13.9% | +24.9% | +25.6% | +1.3% |
| 2023 | +3.2% | −15.7% | +26.2% | +54.9% | +5.7% |
| 2022 | +38.6% | −14.5% | −18.2% | −32.6% | −13.0% |
| 2021 | +4.0% | −10.0% | +28.7% | +27.4% | −1.8% |
| 2020 | −18.7% | −21.0% | +18.3% | +48.6% | +7.5% |
| 2019 | −11.0% | −18.0% | +31.2% | +39.0% | +8.5% |
| 2018 | +1.7% | −8.5% | −4.6% | −0.1% | +0.1% |
| 2017 | −4.5% | −10.3% | +21.7% | +32.7% | +3.6% |
| 2016 | −2.9% | −15.4% | +12.0% | +7.1% | +2.4% |
| 2015 | −6.2% | −10.6% | +1.2% | +9.4% | +0.5% |
| 2014 | −18.3% | −19.1% | +13.5% | +19.2% | +6.0% |
| 2013 | +9.8% | −9.2% | +32.3% | +36.6% | −2.0% |
| 2012 | −9.5% | −16.2% | +16.0% | +18.1% | +3.8% |
| 2011 | −27.9% | −31.8% | +1.9% | +3.4% | +7.7% |
| 2010 | −21.5% | −29.1% | +15.1% | +19.9% | +6.4% |
| 2009 | +2.4% | −17.6% | +26.4% | +54.7% | +3.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
PST largest drawdowns
Now 61.6% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jun 13, 2008 | −79.2% | Aug 4, 2020 | not yet | 12.1 years | 18.4 years so far |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
PST risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2008 |
|---|---|---|---|---|
| Annualized return | +4.3% | +12.0% | +3.9% | −4.8% |
| Volatility (annualized) | 13.3% | 15.1% | 13.2% | 13.4% |
| Sharpe ratio | 0.05 | 0.59 | 0.18 | -0.39 |
| Sortino ratio | 0.08 | 1.00 | 0.28 | -0.51 |
| Best month | +8.0% | +10.1% | +10.1% | +10.1% |
| Worst month | −7.7% | −7.7% | −7.9% | −14.7% |
| Best 12 months | +17.5% | +40.3% | +40.3% | +40.3% |
| Worst 12 months | −8.6% | −8.6% | −25.7% | −29.3% |
| Positive months | 53% | 60% | 52% | 47% |
| Beta vs S&P 500 | -0.43 | -0.51 | -0.15 | — |
| Correlation with S&P 500 | -0.40 | -0.53 | -0.18 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
PST rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 210 | −29.3% | −4.1% | +40.3% | 44% |
| 3-year (a year) | 186 | −22.2% | −6.6% | +19.6% | 30% |
| 5-year (a year) | 162 | −17.1% | −4.9% | +12.0% | 28% |
| 10-year (a year) | 102 | −11.1% | −3.0% | +3.9% | 24% |
Every holding period starting at a month-end since 2008. Returns for 3 years and longer are annualized.
PST performance overview
ProShares UltraShort 7-10 Year Treasury (PST) returned +15.0% over the past year and +3.3% a year over ten years, with distributions reinvested. Since its first recorded price in 2008 it has returned −4.8% a year, turning $10,000 into about $4,066. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −79.2%, from Jun 13, 2008 to Aug 4, 2020; the fund has not yet regained that high. PST finished 7 of its 17 full calendar years with a gain; the best year was 2022 (+38.6%) and the worst 2011 (−27.9%). Volatility has been 13.4% a year.
Related: PST chart, PST dividends. See the PST overview for the latest quote and fund facts.
PST performance FAQ
What is the PST return over the past year?
PST returned +15.0% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 12.0%.
What is the average annual return of PST?
PST has returned +10.8% a year over 5 years, +3.3% a year over 10 years, −4.8% a year since May 1, 2008 (total return, distributions reinvested).
How much would $10,000 invested in PST be worth?
$10,000 invested in PST at its first recorded close on May 1, 2008 would be worth about $4,066 on October 23, 2026 with distributions reinvested.
What was the worst year for PST?
The worst calendar year was 2011, with a total return of −27.9%. The best was 2022 at +38.6%.
What is the biggest drawdown of PST?
The largest peak-to-trough decline was −79.2% between June 13, 2008 and August 4, 2020. It has not yet recovered to that high; it is 61.6% below its peak.
How volatile is PST?
Over the past 3 years PST had an annualized volatility of 13.3% and a Sharpe ratio of 0.05 (excess return over 1–3 month T-bills per unit of risk).